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Shares of Bharat Heavy Electricals (BHEL) gained 4%, after the company won an order worth ₹5,400 crore in Odisha from its joint venture company with Coal India.
What is it about: this order is for building a key part of a large coal-based chemical plant in Lakhanpur, Odisha. The plant will convert coal into useful gases, clean those gases, and then use them to produce about 2,000 tonnes of ammonium nitrate per day, which is mainly used for fertilisers and industrial explosives.
A 2,000-tonne-per-day ammonium nitrate plant can fertilise millions of hectares of farmland, supporting crops across an entire Indian state each year. It can also supply explosives for mining and big infrastructure projects like highways and metro tunnels.
Under the contract, the company will manage the project end-to-end, from design and construction to commissioning, operations and maintenance.
The significance: with India’s second-largest coal reserves, Odisha is ideally positioned to drive coal gasification, and this project supports the national goal of 100 million tonnes by 2030.
It strengthens energy security, reduces import dependence for key industrial inputs, and helps turn the state’s coal resources into higher-value, cleaner products for the country.
